"Phil Schuman" <pschuman_NO_SPAM_ME[at]interserv.com> wrote:

- quote -

I work for the state government as well, so my W2 looks like
your wife's. Unless you qualify for the Retirement Savers
Credit(and then only if the contributions are "voluntary"),
there really isn't anything you do with that figure on your
1040. It basically replaces SS withholding albeit at a
higher rate. Depending on what state you live in, it may or
may not effect your state return.

Kathy

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

Phil Schuman wrote:

- quote -

And box three is likewise empty?
- quote -

Do nothing. Not an issue.

ChEAr$,
Harlan Lunsford, EA n LA
24 Mar 2005

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

You don't do anything with it, now. It will come into play
when she retires in the form of not having to pay tax on it
at that time.

Missy Doyle

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

My wife went back to teaching, and received her W2.
In Box 14 - it has an entry " RET TS $7,580"
Box 4 (SS witholding) is empty, so I'm guessing Box 14 is
retirement.

How do I account for this on a 1040 - ?? - if at all -
I've looked around, but can't find what
to do with this Teacher Retirement entry in Box 14

tnx - Phil

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->